Jetblue Airways Corp (NASDAQ:JBLU) shares, rose in value on Wednesday, November 20, with price up by 1.34% to the previous day’s close as strong demand from buyers drove the stock to $6.04.
Actively observing the price movement in the last trading, the stock closed the session at $5.96, falling within a range of $5.82 and $6.2. The value of beta (5-year monthly) was 1.926. Referring to stock’s 52-week performance, its high was $8.07, and the low was $4.10. On the whole, JBLU has fluctuated by -18.05% over the past month.
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With the market capitalization of Jetblue Airways Corp currently standing at about $2.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.24B, with a low estimate of 2.2B and a high estimate of 2.26B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.23B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JBLU’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of JBLU currently trading nearly -4.89% and -7.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.85, while the 7-day volatility ratio is showing 7.05% which for the 30-day chart, stands at 6.02%. Furthermore, Jetblue Airways Corp (JBLU)’s beta value is 1.93, and its average true range (ATR) is 0.42.
A comparison of Jetblue Airways Corp (JBLU) with its peers suggests the former has fared considerably weaker in the market. JBLU showed an intraday change of 1.34% in last session, and over the past year, it grew by 37.27%%.
Data on historical trading for Jetblue Airways Corp (NASDAQ:JBLU) indicates that the trading volumes over the past 10 days have averaged 20.73 and over the past 3 months, they’ve averaged 17.51 million. According to company’s latest data on outstanding shares, there are 339.00 million shares outstanding.
Nearly 10.44% of Jetblue Airways Corp’s shares belong to company insiders and institutional investors own 81.83% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 48.18 million shares as on 2024-10-31, resulting in a short ratio of 2.74. According to the data, the short interest in Jetblue Airways Corp (JBLU) stood at 1992.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 53.96 million. The stock has risen by 8.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JBLU stock heading into the next quarter.
